Fannie Mae-No Politics (FNMA)

[big-yank]

Let's get back to Gretchen and her early work on the financial crisis. Wasn't she one of the renowned experts that confirmed the absolute desperation in financial markets that required governmental intervention and conservatorship of the GSEs?

Her views could easily be considered pivotal in the argument over whether the takeover by Hank Paulson and the UST was contrived as camouflage for a "taking" and manipulated math to justify some politically or economically motivated seizure of the GSEs to benefit Too Big To Fail Banks. I especially seem to recall her dismissal of forensic accounting rationale as bunk. Of course, it has been awhile since I read her stuff.

Maybe this aspect to the Fannie Mae and Freddie Mac travails would be worth revisiting from Morgenson's obviously esteemed reputation and extensive body of published work?

Want to go there?

JMHO.